The SECP's draft amendments to the Anti-Money Laundering, Combating the Financing of Terrorism and Countering Proliferation Financing (AML/CFT/CPF) Regulations, 2020, signify a major shift from traditional paper-based verification to a fully digital process. Notably, the requirement for attested documents has been removed, allowing plain copies to be accepted for verification. This change is expected to streamline the onboarding process significantly.
BUSINESSPublished 24 Apr 2026 • Published 1h ago
SECP Introduces Digital Verification for Investors Using IBAN
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On April 24, 2026, the Securities and Exchange Commission of Pakistan (SECP) proposed new rules to enable digital onboarding of investors using IBAN and biometric verification methods, including facial recognition. This initiative aims to enhance transparency and reduce financial crime risks in the investment sector.
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